Taxpayer articles
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IRS to Increase Audit Rates of Wealthy Taxpayers by 50 Percent
The Internal Revenue Service (IRS) has said it will increase its audit rates of wealthy taxpayers and large corporations by 50 percent.
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IRS plans to increase audit rates of wealthy taxpayers by 50%
The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation Reduction Act that passed in 2022. The audit rate of taxpayers earning more than $10 million is expected to increase by 50%, going up from 11% in 2019 to 16.5% in 2026. The IRS also plans to triple the audit rates of large corporations with assets over $250 million, as well as increase the audit rates of...
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New York Poised to Use Taxpayer Dollars to Pay Journalists
New York state lawmakers plan to hand out tens of millions in taxpayer dollars to local media outlets to help pay for journalists’ salaries. The Read More